Tax Rate Curve 2010 Tax k$ = Income k$ x Tax Rate % / 100 Future Tax $ = Income $ x Tax Rate % / 100
Tax Rate % = log (Income k$/a, b) Tax Rate % = log(Income$/a, b)
a = 2; b = The base of the log = 1.202 a = 2000 b = 1.202
Enter your 2010 income in dollars here : 34,000 $
2010 Federal Income Tax Rates / Brackets This is the tax you would owe: 5,236 $, if the 2010 tax rate formula were law.
Single - Rate Schedule X (2010) (Incremental) Your tax rate would be: 15.38 %, but not over 50%.
Taxable income is Of the amount over -
over -
But not over - The tax is: Plus this %
$0 $8,375 $0 10 0 Note: the tax % in the 4th column of the table on the left is the "incremental tax rate".
8,375 34,000 837.5 15 8,375 The "true" tax rate is defined as: TR% = (Tax / Income) x 100, or
34,000 82,400 4,681.25 25 34,000 Tax $ = Income $ x TR % /100.
82,400 171,850 16,781.25 28 82,400 All graphs are of the true Tax Rate %.
171,850 373,650 41,827.25 33 171,850
373,650 - 108,421.25 35 373,650
2010 Schedule 2010 Formula Approximation Proposed Tax Rate Curve
40 40 60
35 35
50
30 30
True Tax Rate %
True Tax Rate %
True Tax Rate %
40
25 25
20 20 30
15 15
20
10 10
10
5 5
0 0 0
1 10 100 1,000 10,000 100,000 1 10 100 1,000 10,000 100,000 1 10 100 1,000 10,000 100,000
Taxable Income k$
Taxable Income k$ Taxable Income k$
2010 Schedule 2010 Formula Approximation Proposed Tax Rate Curve
25 25 25
20 20 20
True Tax Rate (%)
True Tax Rate (%)
True Tax Rate (%)
15 15 15
The bumps in the curve
Red is Formula.
10 are due to the 10
difference between true Blue is Schedule. 10
and incremental tax
5 rates. 5 5
True Tax Rat
True Tax Rat
5 rates. 5 5
0 0 0
0 20 40 60 80 100 0 20 40 60 80 100 0 20 40 60 80 100
Taxable Income (k$)
100 k$ Taxable Income (k$) 100 k$ Tadxable Income (k$) 100 k$
40 40 40
35 35 35
30 30 30
Tax Rate %
Tax Rate %
25 25
Tax Rate %
25
20 20 20 Only 1.5% earn
more than 250k$
15 15 15
per year. @2006
10 10 10
5 5 5
0 0 0
0 200 400 600 800 1,000 0 200 400 600 800 1,000 0 200 400 600 800 1,000
Taxable Income k$ 1 M$ Taxable Income k$ 1 M$ Taxable Income k$ 1 M$
50 50 50
40 40 40
Tax Rate %
Tax Rate %
Tax Rate %
30 30 30
The 35% incremental tax Note: the 35%
Note the 35% limit is removed.
20 rate asymptotically 20 20
approaches a true tax rate
10 10 10
0 0 0
0 2,000 4,000 6,000 8,000 10,000 0 2,000 4,000 6,000 8,000 10,000 0 2,000 4,000 6,000 8,000 10,000
Income k$ 10 M$ Income k$ 10 M$ Income k$ 10 M$
70 70 70
60 60 60
50 50 50
Tax Rate %
Tax Rate %
Tax Rate %
40 40 40 The blue line is a
30 30 30
The red data almost
20 20 completely overlay the 20
10 10 blue data. 10
0 0 0
0 20,000 40,000 60,000 80,000 100,000 0 20,000 40,000 60,000 80,000 100,000 0 20,000 40,000 60,000 80,000 100,000
Income k$ 100 M$ Income k$ 100 M$ Income k$ 100 M$
a= 2.0 R = log(Ik$/a,b) a= 2 R = log(I$/a,b)
b= 1.202 b= 1.202
|-----------------2010 Schedule----------------|
|--------------- |---------------- 2010 Formula----------------| |---------Proposed New Formula----------|
Income k$ Tax k$ Tax Rate % Income k$ Tax k$ Tax Rate % Income k$ Tax k$ Tax Rate %
1.000 0.100 10.00 1 0.100 10 1 k$ 1 0 0.00
2.000 0.200 10.00 2 0.200 10 2 K$ 2 0 0.00
8.375 0.838 10.00 8.375 0.838 10.00 5 0 4.98
10.000 1.081 10.81 15 1.643 10.95 10 k$ 10 1 8.75
15.000 1.831 12.21 20 2.503 12.51 15 k$ 15 2 10.95
20.000 2.581 12.91 30 4.416 14.72 20 3 12.51
25.000 3.331 13.33 40 6.513 16.28 30 4 14.72
30.000 4.081 13.60 50 8.748 17.50 40 7 16.28
34.000 4.681 13.77 60 11.092 18.49 50 9 17.50
40.000 6.181 15.45 70 13.527 19.32 60 11 18.49
45.000 7.431 16.51 80 16.040 20.05 70 14 19.32
50.000 8.681 17.36 90 18.621 20.69 80 16 20.05
55.000 9.931 18.06 100 21.263 21.26 90 19 20.69
60.000 11.181 18.64 200 50.060 25.03 100 k$ 100 21 21.26
70.000 13.681 19.54 300 81.701 27.23 200 50 25.03 In k$
82.400 16.781 20.37 400 115.189 28.80 300 82 27.23
90.000 18.909 21.01 500 150.050 30.01 400 115 28.80
100.000 21.709 21.71 600 186.006 31.00 500 150 30.01
171.850 41.827 24.34 700 222.872 31.84 600 186 31.00 In Dollars
200.000 51.117 25.56 800 260.517 32.56 700 223 31.84
300.000 84.117 28.04 900 298.843 33.20 800 261 32.56
373.650 108.421 29.02 1,000 337.775 33.78 900 299 33.20
400 117.644 29.41 1,253 438.592 35.00 35.00 1,000 338 33.78 In nE4 $
500 152.644 30.53 2,000 700.000 35.00 35.00 2,000 751 37.54
600 187.644 31.27 3,000 1,050.000 35.00 35.00 3,000 1192 39.75
700 222.644 31.81 4,000 1,400.000 35.00 35.00 4,000 1652 41.31
800 257.644 32.21 5,000 1,750.000 35.00 35.00 5,000 2126 42.53
900 292.644 32.52 6,000 2,100.000 35.00 35.00 6,000 2611 43.52
1,000 327.644 32.764375 7,000 2,450.000 35.00 35.00 7,000 3105 44.35
2,000 677.644 33.88 8,000 2,800.000 35.00 35.00 8,000 3606 45.08
3,000 1,027.644 34.25 9,000 3,150.000 35.00 35.00 9,000 4115 45.72
4,000 1,377.644 34.44 10,000 3,500.000 35.00 35.00 10,000 4629 46.29 50% Limit:
5,000 1,727.644 34.55 20,000 7,000.000 35.00 35.00 20,000 10012 50.06 50.00
6,000 2,077.644 34.63 30,000 10,500.000 35.00 35.00 30,000 15679 52.26 50.00
7,000 2,427.644 34.68 40,000 14,000.000 35.00 35.00 40,000 21531 53.83 50.00
8,000 2,777.644 34.72 50,000 17,500.000 35.00 35.00 50,000 27520 55.04 50.00
9,000 3,127.644 34.75 60,000 21,000.000 35.00 35.00 60,000 33619 56.03 50.00
10,000 3,477.644 34.78 70,000 24,500.000 35.00 35.00 70,000 39808 56.87 50.00
20,000 6,977.644 34.89 80,000 28,000.000 35.00 35.00 80,000 46076 57.59 50.00
30,000 10,477.644 34.93 90,000 31,500.000 35.00 35.00 90,000 52411 58.23 50.00
40,000 13,977.644 34.94 100,000 35,000.000 35.00 35.00 100,000 58807 58.81 50.00
50,000 17,477.644 34.96 200,000 125149 62.57 50.00
60,000 20,977.644 34.96 300,000 194335 64.78 50.00
70,000 24,477.644 34.97 400,000 265368 66.34 50.00
80,000 27,977.644 34.97 500,000 337775 67.55 50.00
90,000 31,477.644 34.98 600,000 411275 68.55 50.00
100,000 34,977.644 34.98 700,000 485686 69.38 50.00
800,000 560876 70.11 50.00
900,000 636747 70.75 50.00
1 B$ 1,000,000 713223 71.32 50.00
Alternative Tax Rate Schedule: From the
--------Proposed Revision to the 2010 Tax Rate Schedule---------- 2010 Formula: To interpolate within a bracket, use:
Income > Income k$ 100 90 80 75 66.5 60 40 33.5
2006 Income Distribution
120 k$ or > 0 33.084 67.28
Green: Y% of people earn than Income k$
100 % All Tax 100 97 86
100 97 98.5 99
90 86 95 Top % 50 25
80 80 80
75 75 70 Red: The people who earn > x k$ contribute y%
66.5 66.5 59
60 60 60
46 est.
40 38
% of Pop. Earning > than In
38
40 40 40
33.5 33.5 Blue: y% of people
25
25 20
20 20
5
10 1.5 1
0 0
0 50 100 150 200 250 300 350 400
Taxable Income k$
Aggregate U.S. household income distribution, 2007
Percentage of total US household income earned by income group
10% 20% 30% 40% 50%
3.1%| less than $20,000 – 1
8.1% | $20,000 to $37,500 – 19
13.8% | $37,500 to $60,000 – 19
22.3% | $60,000 to $95,000 – 20
40.8% | $95,000 to $250,000 – 2
11.9% | $250,000 or more –
80
70
60
50
Tax Rate %
40 Blue is 50% tax rate
limit option.
30
20
10
0
0 200,000 400,000 600,000 800,000 1,000,000
1 B$
Income k$
| Desired
Numbers
b= 1.18571249
R=log(10k,b) 13.51727741 10
5M$ R=log(5M,b) 50.00000368 50
b= 1.25893 Optimize 10k to 1M$ range
10k 10.000000 10
5M$ 5,000k 36.9897015 35
b= 1.258930 b = 1.224250483
10k 9.999842 10
10M$ 10,000k 39.999367 35
a= 1000 2000 1500 1300 1350 1330
b= 1.2347387889 b= 1.2589254118 1.174 1.2087 1.22632 1.2217 1.22353
10 k$ 10.9200000 10 10.000000000 10.032856290 10.008789272 10.000209196 10.000235645 10.000024371
1M$ 1,000 k$ 32.7600000 32.76 29.999999999 38.740400901 34.304657915 32.572601655 32.998106051 32.827264227
b= 2.51188641 a= 1322.2 1322 1323
10,000 10.00000009 10 a = 1322.2/1000 b= 1.224250485 1.224269003 1.224176436
1M$ 1,000,000 15.00000014 32.764375 a = 1.3222 For I = 10k: 10.000000005 10.000000075 10.000000000
For I = 1M: 32.760823047 32.759121652 32.767629493
b= 1.15093502 32.764375
1 0
100 32.75960094 32.76
Proposed True Tax Rate % True Tax Rate %
80 80.00
70 70.00
60 60.00
50 50.00
40 40.00
30 30.00
20 20.00
10 10.00
0 0.00
1.E+03 1.E+04 1.E+05 1.E+06 1.E+07 1.E+08 1.E+09 -10.00 0 10 20 30 40 50 60
o interpolate within a bracket, use:
ax(int) = Tax(lo) + [Inc(int) - Inc(lo)] x [Rate(hi) - Rate(lo)] / [Inc(hi) - Inc(lo)]
45.48 4000 39.61
47.58 7000 42.38
50.20 10,000 44.14
53.11 20000 47.53
50.00 35000 50
=sum HH's
=sum %
20% 5% 1.50% 1%
75 80 95 98.5 99 %
77.5 92 167 250 350 k$
25 20 5 1.5 1%
Est: 1.5% of100,000 HH's = 1500 HH's
113.799 159.619 250 380.354 50% tax on 250k$ = 125k$
70 59 46 38 x 1500 HH's = 187,500k$ min
10 5 1 = 187.5M$ min.
less than $20,000 – 19.04% of all households Poor
$20,000 to $37,500 – 19.45% of all households Low Mid
$37,500 to $60,000 – 19.44% of all households Mid
$60,000 to $95,000 – 20.00% of all households Hi Mid
| $95,000 to $250,000 – 20.15% of all households Rich
$250,000 or more – 1.92% of all households Super R
1310
1.22537
10.000637482
32.659099664
1320
1.224454374
10.000000013
32.742105045
X Y Delta
0 0 0
Idealish Tax Rate Curve Shape
1 0 0.5 14
2 0.5 1 12
3 1.5 2
10
4 3.5 3
5 6.5 3 8
6 9.5 2 6
7 11.5 1
4
8 12.5 0.5
9 13 0 2
10 13 0 0
11 13 0 2 4 6 8 10 12
X Y Delta 12
0 0 0
10
1 0 1 10
2 1 2
3 3 2 8
4 5 2
5 7 2 6
6 9 1
7 10 0 4
8 10 0
9 10 0 2
10 10 0
0
11 10
0 2 4 6 8 10 12
Tn = Inc/a,b
2010 Federal Income Tax Rates / Brackets Incmb > Incmb Income 20M$ 10,000.000 50.00 20,000 50.00
Income (k$) Tax (k$) Tax Rate (%) True Tax Rate of Brackets %
0 0.000 0.00
25
2 0.000 0.00
3 0.083 2.77
20
4 0.166 4.15
5 0.249 4.98 15
6 0.332 5.53
7 0.415 5.93 10 Brackets at: 2, 10, 15, 20,
8 0.498 6.23 40, 70, & 100 k$
9 0.581 6.46 5
10 0.664 6.64
11 1.028 9.35 0
12 1.182 9.85 0 20 40 60
13 1.336 10.27
14 1.489 10.64
15 1.643 10.95 40
30
16 1.815 11.34 30
17 1.987 11.69 20
18 2.159 11.99 Brackets at: 100, 200,
19 2.331 12.27 10 400, 700, & 1000 k$
20 2.503 12.51 0
22 2.886 13.12 0 100 200 300 400 500 600
24 3.268 13.62
26 3.651 14.04 50
28 4.033 14.40
30 4.416 14.72 40
32 4.835 15.11
34 5.255 15.45 30 Brackets at: 1000, 2000,
36 5.674 15.76 4000, 7000, & 10000 k$
20
38 6.093 16.04
40 6.513 16.28
10
45 7.682 17.07
50 8.851 17.70
0
55 10.020 18.22
0 1000 2000 3000 4000 5000 6000
60 11.189 18.65
65 12.358 19.01
70 13.527 19.32 60
75 14.816 19.75
80 16.105 20.13 50
85 17.395 20.46
90 18.684 20.76 40
95 19.973 21.02 Brackets at: 10000, 20000, 40000,
100 21.263 21.26 70000, & 100000 k$
30
150 35.661 23.77
200 50.060 25.03
20
300 82.624 27.54
400 115.189 28.80
10
500 151.083 30.22
600 186.978 31.16
700 222.872 31.84 0
800 261.173 32.65 0 10000 20000 30000 40000 50000 60000
900 299.474 33.27
1,000 337.775 33.78
1,500 544.336 36.29
2,000 750.897 37.54 1168.887 58.44
3,000 1201.693 40.06 1668.887 55.63
4,000 1652.488 41.31 2375.448 59.39
5,000 2136.581 42.73 2875.448 57.51
6,000 2620.674 43.68 3375.448 56.26
7,000 3104.767 44.35 3875.448 55.36
8,000 3612.925 45.16 4375.448 54.69
9,000 4121.083 45.79 4875.448 54.17
10,000 4629.241 46.29 6552.384 65.52
15,000 7314.620 48.76 9052.384 60.35
20,000 10000.000 50.00 12314.620 61.57
30,000 15000.000 50.00 17314.620 57.72
40,000 20000.000 50.00 22314.620 55.79
50,000 25000.000 50.00 27314.620 54.63
60,000 30000.000 50.00 32314.620 53.86
70,000 35000.000 50.00 37314.620 53.31
80,000 40000.000 50.00 42314.620 52.89
90,000 45000.000 50.00 47314.620 52.57
100,000 50000.000 50.00 52314.620 52.31
150,000 75000.000 50.00 77314.620 51.54
200,000 100000.000 50.00 #########
300,000 150000.000 50.00
400,000 200000.000 50.00
500,000 250000.000 50.00
600,000 300000.000 50.00
700,000 350000.000 50.00
800,000 400000.000 50.00
900,000 450000.000 50.00
1,000,000 500000.000 50.00
Check < This is really a check on the ITR
On Lo Tax
0.249
0.875
1.643
2.503
True Tax Rate Curve %
4.416 25
4.416
13.527 20
21.263
50.060 15
115.189
222.872 10
337.775
5
750.897
1652.488
0
3104.767
0 20 40 60 80 100 120
4629.241 -5
10000.000
ate of Brackets %
ets at: 2, 10, 15, 20,
60 80 100
ackets at: 100, 200,
0, 700, & 1000 k$
600 700 800 900 1000
at: 1000, 2000,
0, & 10000 k$
6000 7000 8000 9000 10000
10000, 20000, 40000,
60000 70000 80000 90000 100000
Top Marginal Tax Rate History aka top incremental tax rate history.
*** Top marginal tax rate on earned income if different.
Top On Taxable http://www.dolla
Marginal Income $ Convert
Tax Year Tax Rate % *** Over: In 2010 $$ Slope Factor
1913 7 500,000
1914 7 500,000 10,795,000 0.65 21.59
1915 7 500,000 10,690,000 0.65 21.38
1916 15 2,000,000 41,940,000 0.36 20.97
1917 67 2,000,000 37,240,000 1.80 18.62
1918 77 1,000,000 15,760,000 4.89 15.76
1919 73 1,000,000 13,090,000 5.58 13.09
1920 73 1,000,000 11,430,000 6.39 11.43
1921 73 1,000,000 11,130,000 6.56 11.13
1922 58 2,000,000 24,960,000 2.32 12.48
1923 43.5 2,000,000 25,560,000 1.70 12.78
1924 46 500,000 6,240,000 7.37 12.48
1925 25 100,000 1,248,000 20.03 12.48
1926 25 100,000 1,206,000 20.73 12.06
1927 25 100,000 1,220,000 20.49 12.20
1928 25 100,000 1,248,000 20.03 12.48
1929 24 100,000 1,263,000 19.00 12.63
1930 25 100,000 1,256,000 19.90 12.56
1931 25 100,000 1,341,000 18.64 13.41
1932 63 1,000,000 14,790,000 4.26 14.79
1933 63 1,000,000 16,480,000 3.82 16.48
1934 63 1,000,000 16,360,000 3.85 16.36
1935 63 1,000,000 16,120,000 3.91 16.12
1936 79 5,000,000 78,250,000 1.01 15.65
1937 79 5,000,000 77,100,000 1.02 15.42
1938 79 5,000,000 75,000,000 1.05 15.00
1939 79 5,000,000 77,100,000 1.02 15.42
1940 81.1 5,000,000 77,100,000 1.05 15.42
1941 81 5,000,000 76,600,000 1.06 15.32
1942 88 200,000 2,786,000 31.59 13.93
1943 88 200,000 2,556,000 34.43 12.78
1944 94 200,000 2,482,000 37.87 12.41
1945 94 200,000 2,426,000 38.75 12.13
1946 86.45 200,000 2,374,000 36.42 11.87
1947 86.45 200,000 2,008,000 43.05 10.04
1948 82.13 400,000 3,692,000 22.25 9.23
1949 82.13 400,000 3,584,000 22.92 8.96
1950 84.36 400,000 3,660,000 23.05 9.15
1951 91 400,000 3,456,000 26.33 8.64
1952 92 400,000 3,260,000 28.22 8.15
1953 92 400,000 3,236,000 28.43 8.09
1954 91 400,000 3,212,000 28.33 8.03
1955 91 400,000 3,236,000 28.12 8.09
1956 91 400,000 3,224,000 28.23 8.06
1957 91 400,000 3,128,000 29.09 7.82
1958 91 400,000 3,040,000 29.93 7.60
1959 91 400,000 2,988,000 30.46 7.47
1960 91 400,000 2,940,000 30.95 7.35
1961 91 400,000 2,900,000 31.38 7.25
1962 91 400,000 2,880,000 31.60 7.20
1963 91 400,000 2,840,000 32.04 7.10
1964 77 400,000 2,796,000 27.54 6.99
1965 70 200,000 1,384,000 50.58 6.92
1966 70 200,000 1,358,000 51.55 6.79
1967 70 200,000 1,312,000 53.35 6.56
1968 75.25 200,000 1,274,000 59.07 6.37
1969 77 200,000 1,216,000 63.32 6.08
1970 71.75 200,000 1,146,000 62.61 5.73
1971 70 60 200,000 1,086,000 55.25 5.43
1972 70 50 200,000 1,050,000 47.62 5.25
1973 70 50 200,000 1,016,000 49.21 5.08
1974 70 50 200,000 934,000 53.53 4.67
1975 70 50 200,000 832,000 60.10 4.16
1976 70 50 200,000 778,000 64.27 3.89
1977 70 50 203,200 753,872 66.32 3.71
1978 70 50 203,200 707,136 70.71 3.48
1979 70 50 215,400 687,126 72.77 3.19
1980 70 50 215,400 607,428 82.31 2.82
1981 69.125 50 215,400 538,500 92.85 2.50
1982 50 85,600 196,880 253.96 2.30
1983 50 109,400 241,774 206.80 2.21
1984 50 162,400 345,912 144.55 2.13
1985 50 169,020 346,491 144.30 2.05
1986 50 175,250 346,995 144.09 1.98
1987 38.5 90,000 175,500 219.37 1.95
1988 28 29,750 55,633 503.30 1.87
1989 28 30,950 55,401 505.41 1.79
1990 28 32,450 55,490 504.60 1.71
1991 31 82,150 132,262 234.38 1.61
1992 31 86,500 135,805 228.27 1.57
1993 39.6 89,150 135,508 292.23 1.52
1994 39.6 250,000 370,000 107.03 1.48
1995 39.6 256,500 369,360 107.21 1.44
1996 39.6 263,750 371,888 106.48 1.41
1997 39.6 271,050 368,628 107.43 1.36
1998 39.6 278,450 373,123 106.13 1.34
1999 39.6 283,150 373,758 105.95 1.32
2000 39.6 288,350 369,088 107.29 1.28
2001 39.1 297,350 368,714 106.04 1.24
2002 38.6 307,050 374,601 103.04 1.22
2003 35 311,950 371,221 94.28 1.19
2004 35 319,100 373,347 93.75 1.17
2005 35 326,450 368,889 94.88 1.13
2006 35 336,550 370,205 94.54 1.10
2007 35 349,700 374,179 93.54 1.07
2008 35 357,700 368,431 95.00 1.03
2009 35 372,950 384,139 91.11 1.03
2010 35 373,650 373,650 93.67 1.00
2011
2012
2013
2014
2015
2016
For tax revenues vs. GDP see:
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid
For tax rates around the world see:
http://en.wikipedia.org/wiki/Tax_rates_around_the_world
ww.dollartimes.com/calculators/inflation.htm
http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#Tax_rates_in_h
Slope = TR% / M$
Top Marginal Tax Rate %
100
90
80
70
60
50
40
30
20
10
0
1900 1920 1940 1960 1980 2000 2020
Top Bracket Income $
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
2,000,000
1,500,000
1,000,000
500,000
-
1930 1940 1950 1960 1970 1980 1990 2000 2010 2020
600
500
"Slope" = Top Marginal Tax Rate %
400 / Top Bracket in 2010 M$
300
200
100
-
1900 1920 1940 1960 1980 2000 2020
25.00
alue of 1$ from a Prior Year
20.00
15.00
The 2010 Value of 1$ from a
10.00
5.00
0.00
1900 1920 1940 1960 1980 2000 2020
cfm?Docid=200
ax_rates_in_history
2020
2020
2020
2020
National Debt
2010
Debt Inflation Debt One Year One Year
Sep 30 of: M$ Factors 2010 M$ Pres. Delta M$ Delta %
2010 13,561,632 1.00 13,561,632 Obama 1,294,508 10.6
2009 11,909,829 1.03 12,267,124 Obama 1,941,658 18.8
2008 10,024,724 1.03 10,325,466 Bush 2 687,234 7.1 16,000,000
2007 9,007,693 1.07 9,638,232 Bush 2 280,561 3.0 14,000,000
2006 8,506,973 1.10 9,357,670 Bush 2 393,708 4.4
2005 7,932,710 1.13 8,963,962 Bush 2 330,470 3.8 12,000,000
2004 7,379,053 1.17 8,633,492 Bush 2 561,447 7.0 10,000,000
Millions of $
2003 6,783,231 1.19 8,072,045 Bush 2 473,597 6.2
2002 6,228,236 1.22 7,598,448 Bush 2 397,194 5.5 8,000,000
2001 5,807,463 1.24 7,201,254 Clinton -61,694 -0.8 6,000,000
2000 5,674,178 1.28 7,262,948 Clinton -203,330 -2.7
1999 5,656,271 1.32 7,466,278 Clinton 61,179 0.8 4,000,000
1998 5,526,193 1.34 7,405,099 Clinton 43,220 0.6 2,000,000
1997 5,413,146 1.36 7,361,879 Clinton -5,105 -0.1
1996 5,224,811 1.41 7,366,984 Clinton 204,448 2.9 -
1995 4,973,983 1.44 7,162,536 Clinton 217,266 3.1 1900
1994 4,692,750 1.48 6,945,270 Clinton 239,807 3.6
1993 4,411,489 1.52 6,705,463 Bush 1 324,008 5.1 8,000,000
1992 4,064,621 1.57 6,381,455 Bush 1 480,317 8.1
1991 3,665,303 1.61 5,901,138 Bush 1 372,173 6.7 7,000,000
1990 3,233,313 1.71 5,528,965 Bush 1 414,166 8.1 6,000,000
1989 2,857,430 1.79 5,114,800 Reagan 248,428 5.1
1988 2,602,338 1.87 4,866,372 Reagan 283,334 6.2 5,000,000
1987 2,350,276 1.95 4,583,038 Reagan 374,938 8.9
4,000,000
1986 2,125,303 1.98 4,208,100 Reagan 218,919 5.5
1985 1,945,942 2.05 3,989,181 Reagan 447,064 12.6 3,000,000
1984 1,662,966 2.13 3,542,118 Reagan 424,466 13.6
1983 1,410,702 2.21 3,117,651 Reagan 364,384 13.2 2,000,000
1982 1,197,073 2.30 2,753,268 Reagan 181,445 7.1
1,000,000
1981 1,028,729 2.50 2,571,823 Carter -60,672 -2.3
1980 930,210 2.83 2,632,494 Carter -63,426 -2.4 -
1979 845,116 3.19 2,695,920 Carter -50,520 -1.8 1900
1978 789,207 3.48 2,746,440 Carter 79,162 3.0
1977 718,943 3.71 2,667,279 Ford 124,992 4.9
1976 653,544 3.89 2,542,286 Ford 143,426 6.0 3,500,000
1975 576,649 4.16 2,398,860 Ford 98,114 4.3
3,000,000
1974 492,665 4.67 2,300,746 Nixon -86,336 -3.6
1973 469,898 5.08 2,387,082 Nixon 28,267 1.2 2,500,000
1972 449,298 5.25 2,358,815 Nixon 55,783 2.4
1971 424,131 5.43 2,303,031 Nixon 73,156 3.3 2,000,000
1970 389,158 5.73 2,229,875 Nixon -8,939 -0.4
1969 368,226 6.08 2,238,814 Johnson -41,831 -1.8 1,500,000
1968 358,029 6.37 2,280,645 Johnson 19,655 0.9
1967 344,663 6.56 2,260,989 Johnson 24,913 1.1 1,000,000
1966 329,319 6.79 2,236,076 Johnson 15,420 0.7
1965 320,904 6.92 2,220,656 Johnson -1,745 -0.1 500,000
1964 317,940 6.99 2,222,401 Johnson 26,037 1.2
1963 309,347 7.10 2,196,364 Kennedy 11,380 0.5 -
1962 303,470 7.20 2,184,984 Kennedy 37,759 1.8 1900 1910
1961 296,169 7.25 2,147,225 Eisenhower 14,130 0.7
1960 290,217 7.35 2,133,095 Eisenhower -39,166 -1.8 80000
80000
1959 290,798 7.47 2,172,261 Eisenhower 22,054 1.0
1958 282,922 7.60 2,150,207 Eisenhower 505 0.0 70000
1957 274,898 7.82 2,149,702 Eisenhower -71,612 -3.2
60000
1956 276,627 8.03 2,221,315 Eisenhower -41,675 -1.8
1955 280,768 8.06 2,262,990 Eisenhower 7,903 0.4 50000
1954 278,750 8.09 2,255,088 Eisenhower 28,978 1.3
1953 275,168 8.09 2,226,109 Truman 57,630 2.7 40000
1952 266,071 8.15 2,168,479 Truman -70,189 -3.1
30000
1951 259,105 8.64 2,238,667 Truman -48,113 -2.1
1950 255,221 8.96 2,286,780 Truman -68,036 -2.9 20000
1949 257,357 9.15 2,354,817 Truman 26,161 1.1
1948 252,292 9.23 2,328,655 Truman -264,536 -10.2 10000
1947 258,286 10.04 2,593,191 Truman -405,475 -13.5 0
1946 269,422 11.13 2,998,667 Truman 41,932 1.4
1945 258,682 11.43 2,956,735 Roosevelt 570,830 23.9 28.7 1900 1905
1944 201,003 11.87 2,385,906 Roosevelt 737,352 44.7 47
1943 136,696 12.06 1,648,554 Roosevelt 770,075 87.7 88.7
1942 72,422 12.13 878,479 Roosevelt 281,155 47.1 47.9
1941 48,961 12.20 597,324 Roosevelt 64,104 12.0
1940 42,967 12.41 533,220 Roosevelt 28,542 5.7 25
1939 40,439 12.48 504,679 Roosevelt 40,860 8.8
20
1938 37,165 12.48 463,819 Roosevelt 9,235 2.0
% Increase over last Year
1937 36,425 12.48 454,584 Roosevelt 33,035 7.8 15
1936 33,778 12.48 421,549 Roosevelt 61,065 16.9
1935 28,701 12.56 360,485 Roosevelt 18,805 5.5 10
1934 27,053 12.63 341,679 Roosevelt 53,644 18.6
5
1933 22,538 12.78 288,036 Hoover 38,992 15.7
1932 19,487 12.78 249,044 Hoover 29,119 13.2 0
1931 16,801 13.09 219,925 Hoover 2,884 1.3
1900
1930 16,185 13.41 217,041 Hoover -18,808 -8.0 -5
1929 16,931 13.93 235,849 Coolidge -24,514 -9.4
1928 17,604 14.79 260,363 Coolidge -17,302 -6.2 -10
1927 18,511 15.00 277,665 Coolidge -23,266 -7.7 -15
1926 19,643 15.32 300,931 Coolidge -15,426 -4.9
1925 20,516 15.42 316,357 Coolidge -11,318 -3.5 -20
1924 21,250 15.42 327,675 Coolidge -16,947 -4.9
1923 22,349 15.42 344,622 Harding -14,749 -4.1
1922 22,963 15.65 359,371 Harding -18,507 -4.9
1921 23,977 15.76 377,878 Wilson -40,469 -9.7
1920 25,952 16.12 418,346 Wilson -29,754 -6.6
1919 27,390 16.36 448,100 Wilson 207,624 86.3 87.7
1918 14,592 16.48 240,476 Wilson 134,007 125.9 155.2
1917 5,718 18.62 106,469 Wilson 30,788 40.7 58.5
1916 3,609 20.97 75,681 Wilson 10,301 15.8
1915 3,058 21.38 65,380 Wilson 2,510 4.0
1914 2,912 21.59 62,870 Wilson 62,870
1913 2,916 Taft 0
1912 2,868 Taft 0
1911 2,765 Taft 0
1910 2,652 Taft 0
1909 2,639 Roosevelt 0
1908 2,626 Roosevelt 0
1907 2,457 Roosevelt 0
1906 2,337 Roosevelt 0
1905 2,274 Roosevelt 0
1904 2,264 Roosevelt 0
1903 2,202 Roosevelt 0
1902 2,158 Roosevelt 0
1901 2,143 Harrison 0
1900 2,136 Harrison
National Debt in 2010 M$
1900 1920 1940 1960 1980 2000 2020
1920 1940 1960 1980 2000 2020
1910 1920 1930 1940 1950 1960 1970 1980 1990
-
1905 1910 1915 1920 1925 1930 1935 1940 1945
National Debt One Year Delta %
1920 1940 1960 1980 2000 2020
Omitted Data: 1917
to 1919 and 1942 to
Tax Talk
Income Tax Rate Income Tax Rate
0 0 Tax Rate 0 1
1 1 1 1
2 1 1.5 2 1
1
0.5
0
0 0.5 1 1.5 2 2.5
Linear Progressive
Income Tax Rate Income Tax Rate
0
0.5
0
0
Tax Rate 0
0.5
0
0
1 1 1.5 0.5 1
2 1 1 2 1
0.5
0
0 0.5 1 1.5 2 2.5
Modified Linear Progressive
Income Tax Rate
Tax Rate 0
0.5
0
0
1.5 0.6 0.4
0.7 0.7
1 0.8 0.9
0.9 0.97
0.5
1 1
0 2 1
0 0.5 1 1.5 2 2.5
Tax Rate
1.5
1
0.5
0
0 0.5 1 1.5 2 2.5
Flat Rate
Tax Rate
1.5
1
0.5
0
0 0.5 1 1.5 2 2.5
Modified Flat Rate
Tax Rate
1.5
1
0.5
0
0 0.5 1 1.5 2 2.5
Capital Gains
R = log(AGCG(k$)/a,b)
a= 2.0
b= 1.301
AGCG k$ Tax k$ Tax Rate % A flat tax of 35% starts at 20M$
1 0.000 0.00
2 0.000 0.00 Capital Gains Tax Rate
5 0.174 3.48 40
10 0.612 6.12 35
15 1.149 7.66 30
Tax Rate (%)
20 1.750 8.75 25
30 3.087 10.29 20
40 4.554 11.38 15
50 6.116 12.23 10
60 7.755 12.93 5
70 9.458 13.51 0
80 11.215 14.02 1 10 100 1,000
90 13.020 14.47
AGCG (k$)
100 14.867 14.87
200 35.003 17.50
300 57.127 19.04
400 80.542 20.14
Capitol Gains Tax Rate
500 104.918 20.98 16
600 130.058 21.68 14
700 155.836 22.26 12
800 182.158 22.77
Tas Rate %
10
900 208.956 23.22 8
1M$ 1,000 236.177 23.62
6
2,000 525.039 26.25
4
3,000 833.785 27.79
2
4,000 1,155.446 28.89
5,000 1,486.708 29.73 0
6,000 1,825.623 30.43 0 20 40 60
7,000 2,170.902 31.01 AGCG k$
8,000 2,521.628 31.52 35 Capital Gains Tax Rate %
9,000 2,877.117 31.97 30
10,000 3,236.837 32.37
25
20M$ 20,000 7,000.000 35.00
Tax Rate %
30,000 10,500.000 35.00 20
40,000 14,000.000 35.00
15
50,000 17,500.000 35.00
60,000 21,000.000 35.00 10
70,000 24,500.000 35.00 5
80,000 28,000.000 35.00
90,000 31,500.000 35.00 0
0 200 400 600
100M$ 100,000 35,000.000 35.00 0 200 400 600
Capital Gains Tax Rate %
AGCG k$
35
30
25
Tax Rate %
20
15
10
5
0
0 2,000 4,000 6,000
AGCG k$
40
35
30
Tax Rate % 25
20
15
10
5
0
0 20,000 40,000 60,000
AGCG k$
starts at 20M$
ains Tax Rate
1,000 10,000 100,000
ains Tax Rate
60 80 100
ns Tax Rate %
600 800 1,000
600 800 1,000
ns Tax Rate %
6,000 8,000 10,000
60,000 80,000 100,000